The U.S. has experienced a soaring rate of coronavirus infections in recent weeks with the total number of new cases swiftly approaching 14 million. On Wednesday, it set a grim record, reporting 200,000 new Covid-19 cases in a single day. The number of…
They ran it up to test the Pfizer day high yesterday, but couldn’t muster the troops to break through. Momentum weakened and there’s been a little selling this morning here at 4:30 AM New York time. We even have an uptrend channel break.
But supp…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
I got a mystery for you, cause who doesn’t love a good mystery. Record inflows. Week after week, record tech inflows, all year long. Almost daily we get headlines about money coming […]
As for stock markets–the devil take the hindmost.
We have the luxury, the honor, of speaking to a lot of individual investors here at Alhambra. Whether they are clients or future clients (optimism is my default condition), the most common view of stocks is that they are overvalued and a fall – a large fall – is inevitable. And there is no stock […]
When Americans started celebrating Thanksgiving in the 19th century, it was about cherishing the blessings of the year, particularly the year’s harvest. These days however, it appears as if many people spend the holiday thinking about what they might n…
A top isn’t a top until it breaks down. Many a would-be top pattern sucks in the shorts anticipating a breakdown. Then when it doesn’t break, they all start covering, triggering the next upleg.
The level to watch over the next few hours this morn…
Brazil’s environmental ministry has released preliminary figures showing that deforestation in the Amazon has hit its highest rate in a decade. The grim data comes amid concern about the policies of Jair Bolsonaro, the country’s president. Between Augu…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.